Germany’s financial regulator has clarified its position on initial coin offerings. Bafin admitted it was receiving many inquiries about the status of tokens and cryptocurrencies distributed to investors through ICOs. The federal agency advised interested parties to refer to regulations applicable to traditional financial instruments and comply with current requirements. A new survey found out […]

South Korea currently has no law against government officials insider trading with the knowledge of cryptocurrency regulations. The case against an employee of the country’s Financial Supervisory Service (FSS) accused of crypto insider trading has come to a standstill without grounds for punishment. However, the government has worked out a plan to prevent future occurrences. […]

Public consultations on a new regulatory regime for crypto companies in Italy are now closed. Interested parties were invited by the Ministry of Economy and Finance to share suggestions and comments on a draft decree introducing registration and reporting requirements in the sector. The new set of rules will come into force within 3 months […]

If you are thinking about selling bitcoin for cash inside the United States to people you don’t know, caution is advised. A reminder to stay alert for undercover government agents who might try to entrap you has been served by a recent California case. Also Read: Cryptocurrency Regulator Found Dead at His Home in South […]

The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director of […]

Bangladesh – one of the few countries presently attempting to enforce a ban on cryptocurrency trading and use – has announced that several major state institutions will begin ramping up efforts to crack down on bitcoin adoption among Bangladeshi citizens. Also Read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bangladesh Central Bank Warns Financial […]

An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is […]

South Korea has been a leading market for bitcoin over the last year or so in terms of adoption, trading volumes, and regulatory response. Now one of the top figures in the government associated with regulating cryptocurrency has passed away, with stress suspected to be a contributing cause. Also Read: Polish Financial Authorities Paid Youtuber […]

A proposal was presented at the Russian Expert Council for Non-Bank Credit Organizations to allow rural businesses in the country to receive crypto loans to attract funds from abroad. The chairman of the council, a State Duma member, is asking rural credit cooperatives to study and educate rural residents on cryptocurrency. Also read: Indians Look to […]

Nigerians are trading close to $4 million worth of bitcoin a week on 13 local exchanges, despite multiple warnings by authorities against investing in cryptocurrencies. Experts have called on the government to rethink its position and adopt smart regulations, “allowing innovation to move forward”. Regulators need to understand how it works before applying bans, analysts […]